International - Financial Times - Credit Squeeze

As electricity becomes the new oil the developing world may be a forerunner in co-operating with China

New Trump administration rule affects subsidiaries of groups blacklisted by US government

Rare joint statement with US Treasury seen as ‘green light’ for further currency intervention by Swiss central bank

Fed governor Christopher Waller endorses digital tokens at Frankfurt conference while Bundesbank president Joachim Nagel expresses caution

Beijing’s decision to eschew developing country status won’t rescue multilateralism

Also in today’s newsletter, First Brands files for bankruptcy and Netanyahu meets Trump at the White House

Plus, will Korean and Japanese investments in the US happen?

Gabriel Makhlouf also says in FT interview that European Central Bank is ‘near the bottom’ of rate-cutting cycle

Some companies weigh whether to move staff or activity from the US, executives and advisers say

Financial anomalies are another sign of how political factors are shaping economic policies and markets

Keir Starmer will deliver a critical speech to his party, while Japan’s election is set to make political history

Donald Trump’s ambassador to EU says no US president can ‘allow these kinds of infringements’ on American companies

Kevin Hassett seen as most likely to replace Jay Powell under pressure from president, according to FT survey

Massad Boulos says administration backs ‘objectives’ of 25-year-old Agoa, which will lapse next week

Overseas sales of top US export crop plummet as trade talks between Washington and Beijing stall

Boost comes as Xi Jinping calls on companies to stem aggressive price competition

Trump administration’s $20bn swap line threatens to load even more debt on to struggling South American country

Ceiling on pharma levy will be in line with trade deals Tokyo and Brussels have with Washington

Prime minister’s chief business adviser Varun Chandra due to hold talks in Washington next week

The allure of US exceptionalism and AI is still drawing investors despite concerns over Trump’s policies